Mary Jo Foley lets us in on some possible info about this "Pink" stuff.  First, there's these reported specs for 'Chasis 1' which according to Foley "seems to be the the heart of the rumored “Pink” Microsoft phone and possibly other Windows Mobile 7 phones made by Microsoft partners".

In other words, Pink may be a prototype/demo unit/scaffold for developers to model their next-gen WM7 handsets on--so Microsoft is setting the bar on what the minimum requirements will be and what they envision the ideal handset would be like.  Sounds pretty plausible to our ears.  Now onto those rumored specs:

WM7 Chassis 1 Specification

Core requirements:
Processor: ARM v6+, L2 Cache, VFP, Open GL ES 2.0 graphics HW (QCOM 8k, Nvidia AP15/16* and TI 3430 all meet spec)
Memory: 256MB+ DRAM, 1G+ Flash (at least 512MB fast flash – 5MB/s unbuffered read @4K block size)
Display:  WVGA (800×480) or FWVGA (854×480) 3.5” or greater diagonal
Touch: Multi-touch required
Battery: Sufficient to meet Days of Use LTK requirements.
Controls: Start, Back, Send and End are required (soft controls allowed as long as they are always present).


Camera: 3MP+, flash optional, 2nd camera optional (VGA resolution sufficient)
GPS: aGPS required
Sensors required: Light Sensor, Compass (3 axis, 5 degrees, 100 Hz sample rate), Accelerometer (3 axis, 2mg resolution, 100 Hz sample rate)
USB: High speed required, 20 MB/s transfer rate.
BlueTooth: BT2.1 required, must run MSFT BT stack, CSR BlueCore6 or later recommended.
Wi-Fi: 802.11B/G required, must run MSFT Native Wi-Fi stack, Atheros 6002 or Broadcomm 4325 recommended.
Connectors: Micro USB and 3.5mm Audio required.

FM tuner:  If tuner HW is present it will be detected and supported by the Media application.
SD Card (Micro SD recommended)
DPAD, qwerty or 12/20 key keyboards all optional

So we have an addition of a compass (iPhone is rumored to get that too), microUSB, accelerometer, light sensors, required aGPS, there's that ol' Multi-touch and some high end processors on board.  Gone is also anything less than VGA for resolution, which is something we welcome.

There we have it...think this all sounds legit?  Can you (and the market) wait till 2010?